Which of the following is NOT a type of governmental fund?

The designation of a governmental fund serves specific purposes in budgeting and financial reporting for government entities. Special Revenue Funds, Debt Service Funds, and Permanent Funds are all established categories within the governmental accounting framework, each designed to manage financial resources with particular restrictions or purposes.

The Special Revenue Fund is used to account for specific revenue sources that are legally restricted to spending for particular purposes, such as grants or specific taxes. The Debt Service Fund focuses on accumulating resources for paying principal and interest on long-term debt. The Permanent Fund is established to support governmental programs through earnings on a restricted endowment.

In contrast, the Operating Fund is not recognized as a distinct category of governmental fund in the official classifications of governmental accounting. It might refer more broadly to funds used for day-to-day operations, but it does not represent a specific, restricted fund type like the others mentioned. This distinction clarifies that “Operating Fund” does not have the same formal recognition or defined purpose under the governmental accounting standards.